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Crypto Investor Archives - Coinscious

🚦Ready, Set, Crypto

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⛔ CBOE Discontinues Bitcoin Futures

WEDNESDAY, MARCH 20, 2019

The Chicago Board Options Exchange (CBOE), the first exchange to list bitcoin futures, has decided to stop listing the very same product. CBOE stated that it has not fully closed the door on cryptocurrency, but does not intend to list additional bitcoin futures for trading at the moment due to decreased demand.

SOURCE: FORBES


📈 Coinmarketcap Launches Crypto Indices on Nasdaq, Bloomberg and More

WEDNESDAY, MARCH 20, 2019

CoinMarketCap, announced it will launching two cryptocurrency benchmark indices on Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv), Germany’s Börse Stuttgart, and its own platform. The indices cover the top 200 by market capitalization. The first index, CMC Crypto 200 Index (CMC200), includes bitcoin and covers more than 90% of the cryptocurrency market. The second index, CMC Crypto 200 ex BTC Index (CMC200EX) does not include bitcoin, in order to track market performance without its influence. 

SOURCE: COINDESK


⚡ Huobi Launches Token Sale Platform

WEDNESDAY, MARCH 20, 2019

Singapore cryptocurrency exchange, Huobi Global, announced on its blog that Huobi Prime, a dedicated token sale platform. The new platform is geared towards both large and small investors and allows individuals access to new altcoin tokens before they appear on major exchanges. The first project to launch is TOP and will take place on March 26, 2019

SOURCE: COINTELEGRAPH


🚦 Cryptopia’s Trading Service Resumes After Hack

WEDNESDAY, MARCH 20, 2019

New Zealand cryptocurrency exchange, Cryptopia, announced it is resuming its trading service after its hack mid-January. An estimated of 9.4% of the exchange’s total holdings were stolen. Currently, 40 trade pairs have been evaluated as secure and this list will continue to grow as Cryptopia clears more coins. See the full list: here

SOURCE: COINDESK


🇦🇺 Purchase Bitcoin Down Under With Binance Lite

TUESDAY, MARCH 19, 2019

Cryptocurrency exchange, Binance, has expanded its Binance Lite fiat gateway to Australia. 1,300 newsagent stores will be ready and allow customers to buy cryptocurrency with regular fiat money. In order to use this service, customers will need to pass account verification, including Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

SOURCE: THENEXTWEB


🇨🇭 Switzerland’s Largest Online Retailer Accepts Bitcoin

TUESDAY, MARCH 19, 2019

Digitec-Galaxus, Switzerland’s “Amazon”, is now accepting bitcoin (BTC) and other cryptocurrencies as payment. Co-founder & Chief Innovation Officer, Oliver Herren, says the company’s move to accept this form of payment method is to target a more tech-savvy audience and position itself as a forward-thinking company. The large online retailer has partnered with Coinify to process all cryptocurrency transactions. 

SOURCE: BITCOINIST


💳 Fortune 500 Company Accepts Crypto Payments

TUESDAY, MARCH 19, 2019

Fortune 500 company Avnet, one of the largest electronic components distributors worldwide, announced it will now accept bitcoin (BTC) or bitcoin (BCH) as payments for its products and services. Avnet partnered with payment platform, BitPay, who will aid with verifying funds, processing orders, and completing transactions.

SOURCE: ETHNEW


🚀 IBM Signs 6 Banks Ready To Issue Stablecoin

MONDAY, MARCH 18, 2019

IBM officially launches its real-time global payments network, Blockchain World Wire (BWW), in collaboration with Stellar (XLM) is now live. IBM and Stellar announced that six international banks have signed up to issue their own stablecoins on the blockchain-powered payments network. BWW currently supports more than 47 currencies for payments across 72 countries.

SOURCE: COINTELEGRAPH


✋ Bitcoin Futures On the Bakkt Burner

MONDAY, MARCH 18, 2019

The highly anticipated bitcoin futures market, Bakkt, by Intercontinental Exchange (ICE) has yet to receive regulatory approval from the Commodity Futures Trading Commission (CFTC). ICE originally intended to launch the platform in mid-December, but has since delayed the project indefinitely.

SOURCE: COINDESK


🐋 Blockchain Watch: Whale Hello There

WEDNESDAY, MARCH 20, 2019
TUESDAY, MARCH 19, 2019
MONDAY, MARCH 18, 2019

SOURCE: TWITTER


Images courtesy of Shutterstock

🚀 Crypto Launches & Previews

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🚫 Bittrex Cancels Its First Initial Exchange Offering

FRIDAY, MARCH 15, 2019

Crypto trading platform, Bittrex International, has cancelled its first public Initial Exchange Offering (IEO) for RAID tokens intended to take place today.  The decision came after Bittrex learned startup RAID ended its vital partnership with e-gaming data analytics company, OP.GG. In a swift move to protect its users, the IEO to raise $6 million dollars was cancelled hours before its launch. It still remains unclear the true relationship between RAID and OP.GG as statements from both parties conflict one another. 

SOURCES: CCN, BITTREX


⚖ Mt. Gox CEO Receives Suspended Jail Term

FRIDAY, MARCH 15, 2019

The Tokyo District Court found Mark Karpeles, the former CEO of the now dissolved cryptocurrency exchange, Mt. Gox, guilty of tampering financial records, but innocent of embezzlement and breach of trust. Karpeles was given a suspended sentence of two and a half years, and will not have to serve jail time provided he does not commit another violation within 4 years. 

SOURCE: BLOOMBERG


🤐 SEC Not Likely to Approve Bitcoin ETF Any Time Soon

FRIDAY, MARCH 15, 2019

During CoinDesk’s Consensus: Invest event yesterday, Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC) highlighted key stances U.S. regulators currently have on the cryptocurrency space. Major takeaways from Clayton’s panel discussion include:

  1. bitcoin exchange traded funds (ETF) not likely to be approved soon
  2. regulated exchanges are needed to prevent price manipulation
  3. crypto trading requires anti-money laundering protections
  4. ICO-funded startups should go see the SEC, and
  5. courts may see ICO’s differently than regulators.

SOURCE: COINDESK


💵 USDT Not Entirely Backed By Fiat

THURSDAY, MARCH 14, 2019

Tether has quietly updated their website terms stating that the dollar-peggedstablecoin, USDT, is backed 100% by “reserves”, not only fiat. These reserves collectively consist of traditional currency, cash equivalents, and other assets and receivables from loans made by Tether to third parties. 

SOURCE: COINDESK


📈 Nasdaq Licences Framework to Cryptocurrency Ecosystem Developer

THURSDAY, MARCH 14, 2019

Nasdaq, has licensed its Nasdaq Financial Framework to Bcause, a cryptocurrency trading platform. Bcause will leverage Nasdaq’s technology for its spot trading activities such as clearing and “market surveillance.” Bcause’s spot market is set to launch during H1 2019.

SOURCE: BITCOIN.COM


🕒 Thai Stock Exchange To Launch Digital Asset Platform in 2020

THURSDAY, MARCH 14, 2019

The Stock Exchange of Thailand (SET) confirmed it is building a digital assets platform that is set to launch in 2020. President of SET, Pakorn Peetathawatchai, advised the platform is part of their 3-year strategic plan between 2019-2021, focusing on developing infrastructure and a “one stop” digital capital market. 

SOURCE: COINTELEGRAPH


🚀 Coinbase Pro Lists Stellar Lumens

THURSDAY, MARCH 14, 2019

Coinbase Pro has added support for Stellar Lumens (XLM), the eight largest cryptocurrency by market capitalization. XLM trading will go through three stages – “transfer-only,” “post-only,” and “limit-only.” – before the fourth “full trading” stage commences. More details can be found on their official blog post

SOURCE: COINTELEGRAPH


➡️ Coinbase Completes First OTC Trade From Cold Storage

WEDNESDAY, MARCH 13, 2019

Coinbase Custody has successfully conducted its first over-the-counter trade (OTC) directly from cold storage. On their blog, the cryptocurrency exchange stated that Custody is now directly integration with the OTC desk at Coinbase Pro and allowed for the completion of the OTC trade. Coinbase’s OTC desk launched quietly last year and its services are offered to accredited investors in the U.S., Asia, and Europe.

SOURCE: BITCOINEXCHANGEGUIDE


⚖ QuadrigaCX’s CEO Used Personal Funds During 2018 Litigations

WEDNESDAY, MARCH 13, 2019

Gerald Cotten’s widow, Jennifer Robertson, revealed that the CEO of the Canadian crypto exchange, QuadrigaCX, had put personal funds into the exchange during its legal battle with the Canadian Imperial Bank of Commerce (CIBC) in 2018. The major bank froze five accounts holding a total of $21.6 million and as such Cotten needed a way to fund customer withdrawals. 

SOURCE: COINDESK


💳 Binance’s Trust Wallet Now Supports XRP & Credit Card Payments

TUESDAY, MARCH 12, 2019

Trust Wallet, the official wallet of cryptocurrency exchange, Binance, now supports Ripple’s XRP token and credit card purchases. The wallet also currently supports bitcoin (BTC), ethereum (ETH), litecoin (LTC), bitcoin cash (BTC) as well as ethereum-based tokens such as ERC20, ERC223 and ERC 721. Users can now buy crypto directly with their credit cards, with payment being processed by Simplex. More details to be revealed on which major credit and debit cards will be accepted and if there are any fees associated.

SOURCE: COINTELEGRAPH


💰 Bittrex To Conduct Its First Initial Exchange Offering

TUESDAY, MARCH 12, 2019

Crypto trading platform, Bittrex International, will be launching its first public Initial Exchange Offering (IEO) through its platform on Friday, March 15. Bittrex users will be able to use bitcoin (BTC) to purchase RAID (XRD) tokens. There will be a hard cap of 17 billion XRD, worth $6 million dollars. RAID is a South Korean startup that is developing a blockchain-powered game data ecosystem. Full details of the IEO can be found here

SOURCES: CHEPICAPBITTREX


🛡 SEC Agrees With Analysis: Ether Is Not A Security

TUESDAY, MARCH 12, 2019

U.S. Security and Exchange Commisison (SEC) chairman, Jay Clayton, confirms staff analysis that ethereum and similar decentralized digital assets are not securities. In a letter to U.S. House representative, Tedd Budd, Clayton did not directly reference any specific cryptocurrencies, but rather stated he agreed with William Hinman, the SEC Director of Division of Corporate Finance, and his securities classification of crypto assets from June 2018.

SOURCE: CCN


🔒Ledger Reports On Trezor Wallets Vulnerabilities

MONDAY, MARCH 11, 2019

Ledger, the French hardware wallet manufacturer, released a report on the vulnerabilities of wallets from its direct competitor, Trezor. The report investigates the weaknesses of wallets Trezor One and Trezor T and highlights features that them susceptible to cyberattacks. The five vulnerabilities analyzed are: 

  1. Genuineness of the device
  2. Secure PIN protection
  3. Confidentiality of data inside the Trezor One
  4. Confidentiality of data inside the Trezor T
  5. Analysis of the cryptographic stack

SOURCES: COINTELEGRAPHLEDGER


💸 Kakao’s Blockchain Unit Raises $90M

MONDAY, MARCH 11, 2019

Ground X, the blockchain unit of South Korean messaging giant, Kakao Corp ,raised $90 million dollars through a private coin offering. Ground X has partnered with 26 companies – including game developer Wemade, video-streaming service Watcha, and unit of travel agency Zanadu – to run applications on their platform. The platform is set to launch in June. 

SOURCE: COINDESK


💸 ‘Facebook Coin’ Could Generate $19B Revenue

MONDAY, MARCH 11, 2019

Barclays’ analyst, Ross Sandler, says the launch of Facebook’s digital currency, Facebook Coin, could add $19 billion dollars in revenue by 2021.  Sandler asserts that this will be a huge opportunity for the company to grow especially with the inclusion of a payment method for its premium content. Facebook currently has 3 million users, but the crypto community remains divided by the social media giant’s potential launch into the crypto space.

SOURCE: NEWSBTC


⚡Blockchain ETF Live on London Stock Exchange

MONDAY, MARCH 11, 2019

Invesco, partnered with London-based investment firm, Elwood Asset Management, to launch a blockchain exchange traded fund (ETF) on the London Stock Exchange. The new product, “Invesco Elwood Global Blockchain UCIT ETF,” targets companies with potential to generate real earnings from blockchain technology. 

SOURCE: COINDESK

Image courtesy of Wealth Management


📱Samsung Galaxy S10 Wallet Supports ETH, ERC20 Tokens, dApps, But Not BTC

MONDAY, MARCH 11, 2019

 The Samsung Blockchain Wallet on the upcoming Galaxy S10 phone will not support bitcoin (BTC), despite pre-released images. Currently, the native wallet is only compatible with ethereum (ETH) and other ethereum-based ERC20 tokens. At launch, the wallet will also support 4 decentralized apps: Enjin, Cosmee, CryptoKitties, and CoinDuck

SOURCE: COINDESK


📈  SIX May Soon List Ripple (XRP) ETP

MONDAY, MARCH 11, 2019

Swiss stock exchange, SIX, may soon introduce ripple (XRP) exchange-traded product (ETP) following the now live bitcoin ETP and ethereum ETP tickers, ABTC and AETH, respectively. Amun AG, the crypto firm responsible for the existing crypto ETP listings on SIX, say they’re optimistic XRP ETP will be launched within the next two months under the ticker AXRP.

SOURCE: CHEPICAP


🐋 Blockchain Watch: Well, Well, Whale

FRIDAY, MARCH 15, 2019
THURSDAY, MARCH 14, 2019

Over 27.9M XRP moved worth $8.8 million dollars

WEDNESDAY, MARCH 13, 2019
TUESDAY, MARCH 12, 2019
MONDAY, MARCH 11, 2019

SOURCE: TWITTER


Images courtesy of Shutterstock

📈 Cryptocurrency Triumphs & Troubles

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🔗 U.S. Authorities Charge Leaders of ‘OneCoin’

FRIDAY, MARCH 8, 2019

United States prosecutors announced criminal charges against leaders behind OneCoin, a multibillion-dollar cryptocurrency pyramid scheme. Konstantin Ignatov, Ruja Ignatova, and Mark Scott were charged by the Southern District of New York for wire fraud, securities fraud and money laundering. An estimated $1.2 billion of investor money was laundered to at least 21 countries

SOURCE: NASDAQ


⏸  Fidelity May Delay Support for Ethereum

FRIDAY, MARCH 8, 2019

Fidelity Digital Assets (FDAS) advises support for ethereum (ETH) may be delayed due to the latest hard fork upgrades. FDAS quietly launched this quarter and is a new company created by investing giant, Fidelity Investments. FDAS president, Tom Jessop, says they want ether and other cryptocurrencies to be available but the process it’s easy. Bitcoin (BTC) is currently the only digital asset supported on the platform.

SOURCE: COINDESK


🇰🇷 South Korea Establishes Task Force To Fight Crypto Fraud

FRIDAY, MARCH 8, 2019

South Korean’s Supreme Prosecutors’ Office(SPO) has created a new task force to protect consumers from fraud, crimes, money laundering, and other suspicious activities related to digital currencies. Cryptocurrency related crimes in the country have risen from 53 in 2016 to 4,500 in 2018. 

SOURCE: COINGEEK


⚙️ OKEx Lists Tron On C2C Market

THURSDAY, MARCH 7, 2019

Cryptocurrency exchange, OKEx, adds Tron (TRX) to its customer-to-customer (C2C) trading platform. The decentralized C2C platform allows users to trade assets directly with one another. In addition, users can place orders with self-selected exchange rates and pay using cryptocurrency or support fiat currencies.

SOURCE: COINGAPE


💸 eToro Launches Trading Platform & Wallet in the U.S.

THURSDAY, MARCH 7, 2019

eToro, the social investing and trading platform, officially announces the launch of  its fiat-to-crypto platform in the United States. The platform is already available in 140 countries worldwide and will now operate in 30 states and 2 territories in the US. Users will be able to use popular like CopyTrader to follow trading habits of individuals with a proven track record. eToro’s multi-signature wallet provide multi-coin support such as BTC, ETH, LTC, BCH, XRP and XLM

SOURCE: NEWSBTC


👍 SIX Teams Up With R3 Corda For New Digital Asset Exchange

THURSDAY, MARCH 7, 2019

The Swiss stock exchange, SIX, selects R3 Corda to provide its ucoming blockchain-based platform. It will use R3’s Corda Enterprise to power the Six Digital Exchange (SDX) platform to allow the issuing and trading digital assets, as well as tokenization of securities and non-bankable assets. 

SOURCE: FINEXTRA


🤐 Coinbase Clarifies It Never Shared “Personally Identifiable” Customer Data

WEDNESDAY, MARCH 6, 2019

Coinbase is still in the hot seat since its acquisition of blockchain analytics firm, Neutrino. Tensions raised last Friday when Christine Sandler stated that the exchange’s previous analytics provider was “selling client data to outside sources” in her interview with Cheddar. A spokesperson from Coinbase has now advised Sandler misspoke and clarified the exchange never shared “personally identifiable information with any third-party blockchain analysis vendors.”

SOURCE: COINDESK


🚀 Ripple Launches On Huobi’s OTC Platform

WEDNESDAY, MARCH 6, 2019

Cryptocurrency exchange, Huobi, now supports Ripple (XRP) on to its over-the-counter (OTC) platform which currently lists assets such as bitcoin, ethereum, tether, EOS, and Huobi Token. Huobi OTC aims to bridge the gap between fiat and digital assets, serving as an escrow for its users.

SOURCE: COINTELEGRAPH


📈 Swiss Stock Exchange Launches Ethereum ETP

WEDNESDAY, MARCH 6, 2019

Swiss’ SIX stock exchange launches its first ethereum-based exchange traded product (ETP) under the ticker AETH. Ethereum ETP, backed by startup Amun AG, is the second cryptocurrency-based ETP to be made available, with bitcoin ETP being the first. SIX plans to list a total of five crypto-based ETP’s which will also include ripple, bitcoin cash and litecoin. These collectively make up the Amun Crypto Basket Index  (HODL5).

SOURCES: BITCOIN.COM


🗳 MakerDAO Holds Vote on Fee Hike for DAI

UPDATE: FRIDAY, MARCH 8, 2019

Votes are in! Users and holders of DAI in favour of increasing the DAI stability fee from 1.5% and 3.5%.

SOURCE: CRYPTOGLOBE

TUESDAY, MARCH 5, 2019

MakerDAO is asking token holders of ethereum-backed stablecoin, DAI, to vote on whether to go forth with the proposed increase in stability fees from 1.5% to 3.5%. MakerDAO’s founder, Rune Christensen, states the rationale behind the fee hike is because DAI’s dollar-peg is “almost at a breaking point”. Token holders can cast their votes here.

SOURCE: COINDESK


⚖️ Quadriga Gets 45-Day Extension from Court

TUESDAY, MARCH 5, 2019

The Canadian court has granted troubled crypto exchange, QuadrigaCX, a 45-day extension to allow for the continued search of $140 million worth of missing cryptocurrency. In addition, the court has appointed Peter Wedlake, a retired partner and senior vice president of audit firm Grant Thorton, to be the chief restructuring officer (CRO). The court has also ordered Amazon Web Services to overturn any data on the Quadriga platform originally created by Gerald Cotten, the former CEO.

SOURCE: COINDESK


☑️ Tron (TRX) Partners With Tether (USDT)

MONDAY, MARCH 4, 2019

Tron Foundation officially announces their newest partnership with Tether. The partnership will bring Tether’s USDT coin onto the TRON network by the end of Q2 2019, and allow the issuance of a TRC20-based USDT. This marks the first major cryptocurrency crossover and will allow TRX and Tether users to transact on the TRON network with access to a price-stable asset.

SOURCE: ETHEREUMWORLDNEWS


🐋 Blockchain Watch: Hello Goodbye

FRIDAY, MARCH 8, 2019

Bitcoin whales moved a total of 9820 BTC, worth $38.4 million dollars.

THURSDAY, MARCH 7, 2019
WEDNESDAY, MARCH 6, 2019
TUESDAY, MARCH 5, 2019
MONDAY, MARCH 4, 2019

Bitcoin (BTC) and Stellar whales start off the week strong.

SUNDAY, MARCH 3, 2019

Ethereum whales are on the go, moving a total of 174, 450 ETH, worth $22.1 million dollars.

SOURCE: TWITTER


Images courtesy of Shutterstock

⚡️ Cryptocurrencies Go Live!

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🚦Bitcoin Finally in the Green After 6-Month Losses

FRIDAY, MARCH 1, 2019

Bitcoin (BTC), the world’s largest cryptocurrency by market cap, ends its 6-month losing streak; finally out of the red. It closed at $3,900 at the end of February. Even in this crypto winter, BTC’s bullish momentum show signs of recovery.

SOURCES: NEWSBTCCHEPICAP


🍴 Ethereum Hard Forks Now Activated

THURSDAY, FEBRUARY 28, 2019

Ethereum (ETH), the second largest cryptocurrency by market cap, successfully implements system upgrades Constantinople and St. Petersburg. Originally planned for January, the Constantinople fork was delayed due to concerns about potential security vulnerabilities. Both forks officially took place at block number 7,280,000. The upgrades are intended to increase the network’s efficiency and will reduce miner block rewards from 3 to 2 ETH.

SOURCE: ETHEREUM WORLD NEWS


📱Facebook & Telegram To Rollout Their Own Digital Currency

THURSDAY, FEBRUARY 28, 2019

Internet messaging giants like Facebook, Telegram and Signal, will be rolling out their own cryptocurrencies in next year. Their intent is to allow users to transfer money directly from their message platforms with the use of blockchain. The projects have been highly secretive and the question still remains whether the tech companies will fully control their cryptocurrency or if it there will be some form of decentralization.

SOURCE: NYTIMES


🏆 Kraken Offers $100K Reward For Info On Quadriga’s Missing Funds

THURSDAY, FEBRUARY 28, 2019

Cryptocurrency exchange, Kraken, announced they are offering a $100,000 reward to anyone who can provide the best lead on the discovery of missing coins from recently collapsed Canadian crypto exchange, Quadrigacx. It is estimated that a total of $190 million USD of Quadriga’s client funds remain inaccessible.  Kraken’s official blog highlights what is known to-date and any new tips can be submitted: here.

SOURCE: COINTELEGRAPH


🐋 Blockchain Watch: Ripple & Stellar On The Move

WEDNESDAY, FEBRUARY 27, 2019
  • Ripple: 50 separate transactions of 10M XRP each moved from Bittrex to Upbit. The total value of the transactions is equivalent to $159 million USD
  • Stellar22 separate transaction of  10M XLM each moved from Bittrex to an unknown wallet. The total value of the transactions is equivalent to $19 million USD. 

SOURCE: DAILYHODL


☑️ Ripple Now Listed on Coinbase Pro

TUESDAY, FEBRUARY 26, 2019

Users on crypto exchange, Coinbase Pro, can now buy and sell ripple (XRP) – the third largest cryptocurrency by market cap. Despite regulatory concerns, Coinbase stands its ground and makes XRP available to its users in the US (except New York), Canada, UK, supported EU nations, Singapore and Australia, with more jurisdictions to be added in the near future. Further developments can be found on Coinbase’s official blog post.

SOURCE: COINDESK


📈 Bitcoin & Ethereum Indices Now Live on Nasdaq

TUESDAY, FEBRUARY 26, 2019

Nasdaq’s integration of Brave New Coin‘s bitcoin liquid index (BLX) and ethereum liquid index (ELX) is now live. The real-time indices are available for clients using Nasdaq’s Global Index Data Service SM (GIDS). This move affirms Nasdaq’s optimism towards cryptocurrency with Adena Friedman, president and CEO, previously expressing it is a “tremendous demonstration of genius and creativity.”

SOURCE: COINTELEGRAPH


⚖️ US Government Retrieves & Returns Bitcoin to Bitfinex

MONDAY, FEBRUARY 25, 2019

The United States government has retrieved and returned 27.66270285 BTC (worth $104,000) to cryptocurrency exchange, Bitfinex. A total of 119,756 BTC were stolen during the hack of August 2016; the return represents only 0.023 % of this total.

SOURCE: COINDESK


👀 All Eyes on Crypto Past, Present & Future

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📱 Samsung Galaxy S10 Features Blockchain Wallet

FRIDAY, FEBRUARY 22, 2019

Samsung officially unveiled the latest specs of its new Galaxy S10 phone on Wednesday, subtly hinting that it features the ability to store cryptocurrency private keys. In-store previews now confirm the built-in cryptocurrency wallet through its “Blockchain Keystore” app.

SOURCES: COINDESK


⏱ Korea Waits For Bitcoin ETF Decision By SEC

FRIDAY, FEBRUARY 22, 2019

An anonymous official from Korean Exchange (KRX) is reportedly waiting on the United States SEC’s decision on bitcoin exchange-traded funds (ETFs). As South Korea’s blockchain industry continues to grow, the US’s decision will heavily influence decision to launch ETFs its own country.

SOURCES: COINTELEGRAPH


🔍 FBI Seeks BitConnect Victims For Its Investigation

THURSDAY, FEBRUARY 21, 2019

The FBI continues its investigation into the now obsolete crypto exchange, BitConnect (BCC) which collapsed January 2018. They released a quick questionnaire seeking help from potential victims of the Ponzi scheme from January 2018.

SOURCES: ETHNEWS


🐋 Blockchain Movements: 47,200,000 XRP Transferred & Multiple Large BTC Transactions Overnight

WEDNESDAY, FEBRUARY 20, 2019

47,200,000 ripple (XRP), worth $15.7M, were transferred from a known OTC distribution wallet to an unknown wallet. This is the largest XRP movement seen to-date.

Multiple significant bitcoin transactions were processed last night, with the below totalling over 18,000 BTC, worth $70M.

📈 Bitcoin Futures Reach Highest Volumes of the Year

WEDNESDAY, FEBRUARY 20, 2019

Bitcoin futures contracts see surge in trading volumes reaching its current high of the year. CBOE Bitcoin futures contract had its first day above $2,000 indicating new interest in the crypto market. Bitcoin continues to rally in this bear market, currently trading around $4,000 but has yet to break beyond this price.

SOURCE: CNBC


📈 Ethereum Mining Pool Freezes Unusual 2,100 Block Reward 

WEDNESDAY, FEBRUARY 20, 2019

On Tuesday, Sparkpool, an ethereum (ETH) mining pool, received a payout of 2,100 ETH (worth $300,000) for mining block number: 7238290. This is 600 times the standard block reward, normally around 3 ETH. Today, Sparkpool temporarily freezes the 2,100 ETH as they reach out to the sender to determine a solution.

SOURCES: CRYPTOGLOBEETHERSCAN


New Beginnings for Cryptocurrency

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Countdown to Bitcoin ETF Approval Begins

FRIDAY, FEBRUARY 15, 2019

An SEC commissioner stated earlier this week that bitcoin ETF would be approved “eventually“. In the wake of this announcement, NYSE Arca and Bitwise Asset Management filed a bitcoin ETF rule change proposal for review. Today, the SEC has published the filing in the Federal Register and the countdown begins.

SOURCE: COINDESK


🍕 Ordering Delivery? Use Bitcoin

FRIDAY, FEBRUARY 15, 2019

Pizza: the great people equalizer. Domino’s US customers can now easily order pizza using the Lightning Network. This week, over 150 people have already placed orders through the web-based portal set up by cryptocurrency payment startup, Fold.

SOURCE: THE DAILY HODL


🛎 JP Morgan introduces “JPM Coin”: 1st US bank-backed cryptocurrency

THURSDAY, FEBRUARY 14, 2019

JP Morgan created big buzz in both the financial and crypto markets by announcing the “JPM Coin”. Despite CEO, Jamie Dimon’s past public criticisms towards bitcoin, JP Morgan will be launching the first major US bank-backed cryptocurrency to settle payments for its clients in the wholesale payments sector.

SOURCE: CNBC

📈 Nasdaq Adds Bitcoin & Ethereum to Indices

THURSDAY, FEBRUARY 14, 2019

NASDAQ announced it will be adding bitcoin (BTC) and ethereum (ETH) indices effective Monday, February 25, 2019: details here. BTC index will be calculated back to 2010 while ETH back to 2014.

SOURCE: NASDAQ


🇨🇦 Quadriga Loses Another 103 BTC, By Mistake

TUESDAY, FEBRUARY 12, 2019

Vancouver cryptocurrency exchange, Quadriga, inadvertently transferred 103 BTC, valued at $354,300 USD, to an inaccessible cold wallets. Ernst & Young, the appointed monitor, reported that this transfer took place February 6, 2019.

SOURCE: COINTELEGRAPH

Data or Noise: Making Sense of the Cryptocurrency Trading Market

Data or Noise: Making Sense of the Crypto Trading Market

By | Cryptocurrency | No Comments

Too good to be true press reports.
Misleading ads.
Unscrupulous exchanges.
“Gold rush” fever.

These are just a few of the things that can overhype crypto-coin value. If you’re a serious investor, how do you resist the hype and rely only on data? Where do you find reliable, unbiased information to guide your trade decisions? If you’ve been in this market long, you know answering those questions is difficult. You’re left to your own ingenuity to figure it out for yourself.

Risky Business

As a cryptocurrency investor, you face risk. That risk is higher because you have no easily accessible tools to help you manage your investments. Unlike the traditional stock market, cryptocurrency investors can’t choose from a wide array of apps or measurement guides to drive their trade decisions. For active traders, it’s difficult to set up investment buy/sell parameters tied to return, liquidity, or market movement.

All investment carries risk, but in new and uncertain markets, that risk is heavier. The price volatility of cryptocurrency convinces some traders to stay away, or to only invest small sums. Others are suckered by the hype and gamble too much based on too little information.

Many factors affect coin prices—social media buzz, news reports, trade activity. It’s hard, if not impossible, for traders to calculate how each factor plays into cryptocurrency price fluctuations. To compound matters, traders are hit with lots of information at every step of the trading process. Investors find themselves making trade decisions based on scattered information from random online sources. Scouring that information takes time and adds uncertainty to the process.

How AI and Machine Learning Manage Risk

The cryptocurrency market is nuanced, complex, and volatile. As this market matures, it attracts more interested traders. That interest will create demand for tools that support both casual and professional investors at each step of the trading process—from building a portfolio to developing and improving trade strategies. Any solution must address the two core questions that traders ask: How can I understand the market to better build my portfolio? How can I manage my trade strategy?

These are also the questions that Coinscious has asked. Our team of blockchain engineers, data scientists, and AI researchers found the answers in AI and deep learning. Using deep neural networks, the Coinscious Collective™ platform has been trained to automatically recognize patterns and make predictions by observing data. The platform applies statistical machine learning algorithms to the cryptocurrency market to understand and recognize the patterns in available data.

With these technologies, the platform extracts the information needed to help traders make informed decisions. The platform’s AI and machine learning capabilities focus on areas that investors care about most: future value prediction, uncertainty estimation, market correlation detection, and monetary and coin movement patterns.

Separating Data from Noise

The goal of the Coinscious Collective™ platform is to separate signal from noise in price data, trade data, social media data, etc. We have three goals:

  • To be immune to noise as much as possible
  • To determine the noise-to-signal ratio at any given time
  • To improve the decision making process for traders and investors

Whether in the stock market or crypto market, information overload often drowns out the valuable signal. The ability to separate noise from data helps investors better evaluate market performance and create smarter strategies. In fact, studies show that what separates successful traders from all the others is the ability to distinguish data that matters from information that doesn’t.

With the explosive growth of data, information overload is a common problem and causes traders to get distracted. This creates a number of problems for serious traders:

  • The chance of discovering meaningful information is equivalent to finding a needle in an exponentially growing haystack.
  • There are limits to how much information any human can process and filter.
  • Even if you overcome the first two limits, human bias accumulates over time and affects the filtering process.

To remedy this, Coinscious leverages an AI system. Using deep learning, the platform uncovers hidden patterns. The platform achieves this through gathering a good representation of data (i.e. feature engineering), ensuring the model extracts noise while also generalizing future trends, and modeling uncertainty. It’s with this process that the Coinscious Collective™ platform limits non-essential data and delivers statistically credible information. If you’re a serious investor, you can spend your day trying to find the right information, or you can let Coinscious deliver the right information to you.

Want a deeper understanding of the technology behind the Coinscious Collective™ platform? Learn how Coinscious works.